licence negotiations, page-12

No trading this. Falling in a straight line as multiple large sellers keep loading up and dropping the price when buyers are exhausted. it would be a HUGE worry of those sellers were those that had access to the technical and legal documents for the IC leases in prior months/years as that would imply a much greater understanding of RIA's chance of retention and hence survival. Still cannot figure out why the projected spend is so massive. I hope at least they have done all the ground work to wind up the company the instant the license is repudiated *if * that happens, because with the MASSIVE cash burn on what I can only presume are salaries, administration and consultancy fees, if the company strings this out for another two months at the cash burn rate, there wont even be a single cent left per share and they may as well put it into administration. Of course, depending on the trigger events on those 'contingent liabilities' this could be trading insolvent tomorrow if those were to fall due. It would be nice to say it was flying on a wing and a prayer, but it doesn't look like it has any wings. Just a flaming hulk falling through the financial troposphere. Maybe a round of red bull's at the next board meeting will help.